The situation was never sustainable from the beginning as the economy has actually been rigged and obfuscated since the collapse of Bretton Woods. It comes dow

The situation was never sustainable from the beginning as the economy has actually been rigged and obfuscated since the collapse of Bretton Woods. It comes down to a confluence of r vs K effects on politics (and it's knock on effect on higher education and student debt), the Fed being a private bank masquerading as a US Government institution, fiat currency, and fractional reserve banking. This is the actual cause for inflation (which erodes the purchasing power of wages), and the so called "business cycle" of boom and bust (e.g. the credit bubble). Globalisation has also further exacerbated wealth transfer and increased the risk of systemic failure. But this is not actually liberal capitalism's fault. Crony capitalism and Government intervention is to blame. There is nothing "liberal capitalism" about tax payers selectively underwriting shareholders. Under a "liberal capitalism" doctrine, the market is allowed to reward winners and punish losers. If anything liberal capitalism is the only way to save the system but it will be an extremely rough transition.